Day: September 24, 2011

September 24
2011

Forex Technical Analysis for Week 09/26—09/30

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2905 1.3143 1.3320 1.3558 1.3735 1.3973 1.4150 GBP/USD 1.4835 1.5081 1.5265 1.5511 1.5695 1.5941 1.6125 USD/JPY 75.24 75.66 76.13 76.55 77.02 77.44 77.91 EUR/JPY 98.62 100.41 101.89 103.68 105.16 106.95 108.43 GBP/JPY 111.83 114.32 116.21 118.70 120.59 […]

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September 24
2011

Bad Week for Global Economy, Good Week for Yen

This week was marked by risk aversion sentiment that hit markets hard and sent stocks, commodities and higher-yielding currencies tumbling down. The Japanese yen thrived in such an environment. There were plenty of negative news that hurt the outlook of Forex traders and caused them to seek safety of the Japanese currency. The concerns about Greece, the downgrade of Italy’s credit rating by Standard and Poor’s, the dovish statement of the Federal Reserve were just some […]

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September 24
2011

Australian Currency Rebounds, Down Over Week

The Australian dollar pared its two-day decline as the leaders of the Group of Twenty nations pledged to resolve the problems of the global economy and prevent another worldwide financial crisis. The G-20 meeting had positive effect on commodity currencies, including the Aussie (the nickname of the Australian dollar). The confirmation of Australia’s AAA credit rating and the stable outlook issued by Standard and Poor’s also bolstered the currency. The future of the Australian dollar looks dim, despite the optimism brought by the G-20 meeting. […]

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